Wabash National (NYSE:WNC) Updates FY 2025 Earnings Guidance

Key Points

• Wabash National has updated its FY 2025 earnings guidance, projecting an earnings per share range of -1.300 to -1.000, which is below the consensus estimate of -0.608.
• The company expects to generate $1.6 billion in revenue for FY 2025, compared to a consensus estimate of $1.8 billion.
• Wabash National's stock has recently decreased by 6.4%, trading at $9.98 with a current market capitalization of $417.90 million.
• In institutional investing, Millennium Management significantly increased its position in Wabash National by 864.3%, acquiring an additional 411,889 shares.

Wabash National (NYSE:WNC - Get Free Report) updated its FY 2025 earnings guidance on Friday. The company provided earnings per share guidance of -1.300--1.000 for the period, compared to the consensus earnings per share estimate of -0.608. The company issued revenue guidance of $1.6 billion-$1.6 billion, compared to the consensus revenue estimate of $1.8 billion.

Wall Street Analyst Weigh In

Separately, DA Davidson lifted their target price on Wabash National from $7.50 to $9.50 and gave the company a "neutral" rating in a research report on Monday, June 23rd.

Wabash National Stock Down 6.4%

Wabash National stock traded down $0.68 during midday trading on Friday, reaching $9.98. The stock had a trading volume of 362,559 shares, compared to its average volume of 1,015,737. The firm's fifty day simple moving average is $10.07 and its 200-day simple moving average is $11.30. Wabash National has a 1-year low of $6.78 and a 1-year high of $21.99. The stock has a market capitalization of $417.90 million, a P/E ratio of -6.47 and a beta of 1.65. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 1.58.

Wabash National (NYSE:WNC - Get Free Report) last announced its earnings results on Friday, July 25th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.31) by $0.16. Wabash National had a positive return on equity of 3.49% and a negative net margin of 3.93%. During the same period last year, the firm posted $0.64 EPS. The business's revenue was down 16.7% compared to the same quarter last year. As a group, analysts expect that Wabash National will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Thursday, July 3rd. Wabash National's dividend payout ratio (DPR) is -20.65%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Caxton Associates LLP acquired a new position in shares of Wabash National during the 1st quarter worth approximately $166,000. Royal Bank of Canada boosted its stake in shares of Wabash National by 93.9% during the 1st quarter. Royal Bank of Canada now owns 30,789 shares of the company's stock worth $339,000 after acquiring an additional 14,912 shares during the period. Empowered Funds LLC boosted its stake in shares of Wabash National by 4.2% during the 1st quarter. Empowered Funds LLC now owns 202,429 shares of the company's stock worth $2,237,000 after acquiring an additional 8,205 shares during the period. AQR Capital Management LLC boosted its stake in shares of Wabash National by 59.1% during the 1st quarter. AQR Capital Management LLC now owns 224,734 shares of the company's stock worth $2,483,000 after acquiring an additional 83,473 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Wabash National by 864.3% during the 1st quarter. Millennium Management LLC now owns 459,547 shares of the company's stock worth $5,078,000 after acquiring an additional 411,889 shares during the period. Institutional investors and hedge funds own 97.05% of the company's stock.

About Wabash National

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.

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